« previous next »

Author Question: If goods are complements, then their A) cross elasticities are positive. B) income elasticities ... (Read 57 times)

stock

  • Hero Member
  • *****
  • Posts: 573
on: Jun 29, 2018
If goods are complements, then their
 
  A) cross elasticities are positive.
  B) income elasticities are positive.
  C) income elasticities are negative.
  D) cross elasticities are negative.

Question 2

In the above table, between what two levels of output does one first observe the law of diminishing returns?
 
  A) 0 and 1000
  B) 1000 and 3000
  C) 3000 and 4000
  D) 4000 and 4500


C.mcnichol98

  • Sr. Member
  • ****
  • Posts: 314
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

C


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Aspirin may benefit 11 different cancers, including those of the colon, pancreas, lungs, prostate, breasts, and leukemia.

Did you know?

Approximately 25% of all reported medication errors result from some kind of name confusion.

Did you know?

A recent study has found that following a diet rich in berries may slow down the aging process of the brain. This diet apparently helps to keep dopamine levels much higher than are seen in normal individuals who do not eat berries as a regular part of their diet as they enter their later years.

Did you know?

Pink eye is a term that refers to conjunctivitis, which is inflammation of the thin, clear membrane (conjunctiva) over the white part of the eye (sclera). It may be triggered by a virus, bacteria, or foreign body in the eye. Antibiotic eye drops alleviate bacterial conjunctivitis, and antihistamine allergy pills or eye drops help control allergic conjunctivitis symptoms.

Did you know?

Although the Roman numeral for the number 4 has always been taught to have been "IV," according to historians, the ancient Romans probably used "IIII" most of the time. This is partially backed up by the fact that early grandfather clocks displayed IIII for the number 4 instead of IV. Early clockmakers apparently thought that the IIII balanced out the VIII (used for the number 8) on the clock face and that it just looked better.

Large-scale impacts of the (a) positive, and (b) negative phases of the North Atlantic Oscillation. Large-scale impacts of the (a) positive, and (b) negative phases of the North Atlantic Oscillation.
The arrangement of cross bridges between filaments interact The arrangement of cross bridges between filaments interact
A radiator may be either a down-flow or a cross-flow type. A radiator may be either a down-flow or a cross-flow type.
A schematic cross section of the spinal cord and the dorsal and ventral roots. A schematic cross section of the spinal cord and the dorsal and ventral roots.
Relationship between Latitude and Income per Capita Relationship between Latitude and Income per Capita
Mendel’s test cross to verify independent assortment Mendel’s test cross to verify independent assortment
Video: Knee Animation

For a complete list of videos, visit our video library